Astec Industries Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for Astec Industries stock has a target of 37, which predicts an increase of 22.19% from the current stock price of 30.28.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$37	$37	$37	$37
Change	+22.19%	+22.19%	+22.19%	+22.19%

* Price targets were last updated on May 2, 2024.

Analyst Ratings

According to 1 stock analyst, the rating for ASTE is "Hold". This means that the analyst believes this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Apr '24	May '24	Jun '24	Jul '24	Aug '24	Sep '24
Strong Buy	1	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	1	2	2	2	2	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	2	2	2	2	2	1

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Stanley Elliott Stifel	Stifel	Strong Buy → Hold Downgrades $47 → $37	Strong Buy → Hold	Downgrades	$47 → $37	+22.19%	May 2, 2024
Stanley Elliott Stifel	Stifel	Strong Buy Maintains $41 → $42	Strong Buy	Maintains	$41 → $42	+38.71%	Dec 19, 2023
Mircea Dobre Baird	Baird	Hold Maintains $45 → $50	Hold	Maintains	$45 → $50	+65.13%	Aug 3, 2023
Mircea Dobre Baird	Baird	Buy → Hold Downgrades $40	Buy → Hold	Downgrades	$40	+32.10%	Apr 8, 2022
Joseph Mondillo Sidoti & Co.	Sidoti & Co.	Hold → Strong Buy Upgrades $65 → $82	Hold → Strong Buy	Upgrades	$65 → $82	+170.81%	Nov 8, 2021

More Analyst Ratings

Financial Forecast

Revenue This Year

1.36B

from 1.34B

1.26%

from 1.34B

Revenue Next Year

1.40B

from 1.36B

3.03%

from 1.36B

EPS This Year

2.09

from 1.47

41.90%

from 1.47

EPS Next Year

2.77

from 2.09

33.01%

from 2.09

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025
Revenue	1.17B	1.02B	1.10B	1.27B	1.34B	1.36B	1.40B
Revenue Growth	-0.17%	-12.41%	6.94%	16.34%	5.00%	1.26%	3.03%
EPS	0.98	2.01	0.69	-0.00	1.47	2.09	2.77
EPS Growth	-	105.10%	-65.67%	-	-	41.90%	33.01%
Forward PE	-	-	-	-	-	14.52	10.91
No. Analysts	-	-	-	-	-	4	4

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025
High	1.4B	1.5B
Avg	1.4B	1.4B
Low	1.3B	1.3B

Revenue Growth

Revenue Growth	2024	2025
High	4.8%	8.3%
Avg	1.3%	3.0%
Low	-3.3%	-3.0%

EPS Forecast

EPS	2024	2025
High	2.30	2.88
Avg	2.09	2.77
Low	1.86	2.65

EPS Growth

EPS Growth	2024	2025
High	56.4%	37.9%
Avg	41.9%	33.0%
Low	26.7%	26.9%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.